Mid Atlantic Trust Company Announces IRA Solution

With Total IRA Plus, plan participants looking to roll
over retirement accounts have a choice of screened investment options, and
are also given asset allocation tools to help them choose the portfolio
that best suits their needs. Participants that are automatically rolled
into Total IRA Plus are encouraged to diversify their investments
beyond the initial Safe Harbor investment, according to a press
release.

New IRA account-holders also have 24/7 access to account
information via the internet and a toll-free number, as well as access
to skilled IRA customer service representatives seven days a week.

“Many of our qualified plan recordkeepers understand that
the IRA plays a major role in retirement savings and that they are
constantly losing accounts and revenue from qualified plans to IRA
rollovers. However, many of those clients are not in a position where
they can offer a compliant solution that doesn’t involve essentially
transferring assets to a competitor,” said Tim Friday, Group CEO of Mid
Atlantic Capital Group and officer of MATC. “With this solution,
recordkeepers get paid each year for every IRA account maintained by Mid
Atlantic and Inspira, two entities that do not compete with them, but
simply provide outsourced services which help their clientele attract,
grow, and maintain assets.”